You can rent the property as is and base the rent off of the condition.

I was not gonna move on to a new realtor because he did show me a couple properties and use his time but I don't like the feeling of being pushed and based on the answers I'm getting here it's the right thing to do. 

Most capital providers require a 700+ FICO for a Cash-Out Refinance of 5+ units and six months of seasoning to use a new appraised value instead of the cost-based approach.

I'm an investor based out of Longmont and do a bit of real estate investment coaching as well.

Think like company like homes or zillow or local exp team that could offer a very efficient buying process thus could offer more attractive buyer commission, especially at expensive home price above 1 mil area, that would impact heavily on heavily-dependant commission based broker. 

Our property management company is based in central Charlotte, about 30 minutes north.

My estimates are based on personal experience having done a fair amount of renovation on my primary residences and estimates from friends and family who are contractors.

Hey Daniel, If you are qualifying for a DSCR based loan, you do not have to do the extra step.

I'm based in Florida and investors here are getting killed by Taxes and Insurance.

i bought a home warranty once and never would again. they rarely have things taken care of in a timely manner, which can be fine for your primary in some cases, but not for a rental. and the companies they contract to do the work, are getting paid pennies on the dollar for those jobs based on the deal they negotiated, so they're in NO rush to get out to you. and like any insurance company, they do all they can to get out of stuff. it was a waste of not only money, but also time and energy.